Will Ethereum’s price follow networks latest adoption milestone of 148M holders?
WikiBit 2025-06-07 23:14
Ethereum hit 148.38M total holders, the highest among all crypto assets Despite recent price dips, ETF inflows and on-chain activity hinted at long-term
Institutional investors‘ appetite for Ethereum ETFs bodes well for more confidence in ETH’s long-term future.
In fact, despite ETHs 7% drop to around $2,400, indicators like the Seller Exhaustion Constant underlined signs of fading bearish pressure.
That being said, risk hasnt vanished completely. Long liquidations crossed $256 million recently and Options market demand tilted towards puts – A sign of sustained short-term caution.
Even so, analysts like Income Sharks believe that ETH has shown strength at the $2,300-support level. A return to $3,000 remains on the table if these trends sustain themselves.
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